Searchlight Seals Hemisphere Privatization, With Controversy


MIAMI — In early May, RBR+TVBR first shared the news that the world’s largest Spanish-language media and content company would be assuming ownership of a streaming platform that’s home to films and series en español from a sibling of sorts, thanks to common ownership by Searchlight Capital Partners L.P.

Now, that deal has closed, following Hemisphere Media Group shareholder approval of its acquisition by that TelevisaUnivision lead investor — approval being questioned by one institutional stock holder grumbling over the “supervoting” status of private Class B shareholders.

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